News
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China expands access for Spanish pork as trade tensions with US mount
By Ella Cao, Emma Pinedo and David Latona BEIJING/MADRID, April 11 (Reuters) - China has signed two agricultural trade protocols with Spain covering pork and cherries as the world's second largest economy acts to bolster ties with the European Union amid an escalating trade war between Beijin...Reuters
Fri, Apr 11
US energy secretary sees positive outlook for oil demand, supply under Trump
By Yousef SabaABU DHABI, April 11 (Reuters) - U.S. Energy Secretary Chris Wright said on Friday there will be a positive outlook for oil demand and supply in the next few years under President Donald Trump's policies, and the concern of markets about economic growth will be proven wrong.Wright w...Reuters
Fri, Apr 11
Russia exports less oil at lower prices – Commerzbank
The price of Russian ESPO crude fell below $60 per barrel for the first time at the beginning of the week, while the price of Urals fell towards $50 per barrel, the lowest price level since March 2023, according to Reuters, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Apr 11
Sixth Street eyes stake in new Italian energy hub, sources say
New company to combine assets from Sorgenia and EF SolareU.S fund looking at 40% stake in new energy ventureAsterion to exit, EF Solare and Sorgenia controlled by F2i MILAN, April 11 (Reuters) - U.S. investment fund Sixth Street is in the final stages of talks to become an investor in a future ve...Reuters
Fri, Apr 11
European LNG imports to rise 25% in 2025, IEA forecasts
OSLO, April 11 (Reuters) - Europe's imports of liquefied natural gas (LNG) are set to increase by a quarter this year, as the continent needs to offset lower pipeline gas supplies amid a weather-driven rise in demand, the International Energy Agency (IEA) said on Friday."Over the whole of 20...Reuters
Fri, Apr 11
OPEC output hikes, trade wars have US oil producers wary of 'drill baby drill'
Oil at $55 a barrel, down from $78 before Trump inaugurationUS oil rig count expected to drop if crude stays below $60 Tariffs will hike costs for steel and oil-drilling gearBy Arathy SomasekharHOUSTON, April 11 Reuters) - President Donald Trump moved on his first day in office to increase U.S. oil ...Reuters
Fri, Apr 11
China, EU must oppose tariff 'bullying', Xi tells Spanish PM
Xi says China, EU must work together to defend globalisation Says 'no winners' in trade wars, without mentioning TrumpSpanish PM calls for more balanced China-EU relationshipBy Joe Cash and David Latona BEIJING/MADRID, April 11 (Reuters) - President Xi Jinping told Spain's prime minis...Reuters
Fri, Apr 11
China, EU must oppose tariff 'bullying', Xi tells Spanish PM
Xi says China, EU must work together to defend globalisation Says 'no winners' in trade wars, without mentioning TrumpSpanish PM calls for more balanced China-EU relationshipBy Joe Cash and David Latona BEIJING/MADRID, April 11 (Reuters) - President Xi Jinping told Spain's prime m...Reuters
Fri, Apr 11
CORRECTED-China's March Iranian oil imports surge on US sanctions fears
By Siyi Liu and Chen Aizhu SINGAPORE, April 10 (Reuters) - China's imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran could tighten supplies, traders and analysts said.China's oil imports from Iran surpassed 1.8 million barrels p...Reuters
Fri, Apr 11
EUROPE GAS-Prices remain volatile amid tariff, gas storage target uncertainty
April 11 (Reuters) - Dutch and British gas prices are lacking clear direction on Friday morning but remain near recent multi-month lows as the market continues to grapple with the impact of the U.S. tariff-induced trade war on the global economy and as EU countries meet to discuss gas storage...Reuters
Fri, Apr 11
US targets China oil storage terminal in new Iran-related sanctions
WASHINGTON, April 10 (Reuters) - The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before talks between the U.S. and Iran.Reuters
Fri, Apr 11
Gold price hovers near all-time highs due to increased safe-haven demand
Gold price (XAU/USD) continues to climb for the fourth straight session, hovering near a fresh all-time high of $3,220 per troy ounce, reached on Friday. The precious metal is gaining momentum as a weaker US Dollar makes it more affordable for foreign currency holders.
Fxstreet
Fri, Apr 11
METALS-London metals rose on Trump's tariff pause
SHANGHAI, April 11 (Reuters) - Base metals in London were mostly up on Friday and copper was headed for a weekly rise, boosted by U.S. President Donald Trump's intention of a potential agreement with China and the decision to temporarily lower tariffs for numerous countries. The benchmark three-...Reuters
Fri, Apr 11
RUBBER-Japan futures ease, post weekly loss on Sino-US trade war
SINGAPORE, April 11 (Reuters) - Japanese rubber futures eased on Friday, posting weekly losses, amid a widening trade war between the U.S. and top consumer China.The Osaka Exchange (OSE) September rubber contract JRUc6, 0#2JRU: ended daytime trade 0.17% lower to 297.6 yen ($2.07) per kg. The cont...Reuters
Fri, Apr 11
Taiwan to be one of first to talk tariffs with US, president says
Taiwan hopes to speed ahead with U.S. tariffs talksTaiwan had due to be hit with 32% tariffNeither Taiwan nor U.S. have given timeframe for talksBy Jeanny Kao and Ben Blanchard TAIPEI, April 11 (Reuters) - Taiwan is to be included in the first batch of trading partners to hold talks with Washingt...Reuters
Fri, Apr 11
Spain's Sanchez calls for more balanced relationship between EU, China during visit
MADRID, April 11 (Reuters) - Spain favours a more balanced relationship between the European Union and China based on negotiations to resolve differences and cooperation in areas of common interest, Spanish Prime Minister Pedro Sanchez said on Friday in Beijing after meeting with Chinese President X...Reuters
Fri, Apr 11
GRAINS-Corn heads for biggest weekly gain since May 2023
CANBERRA, April 11 (Reuters) - Chicago corn futures rose on Friday and were on track for their biggest weekly gain in nearly two years after U.S. President Donald Trump paused some of his tariff increases and the U.S. Department of Agriculture (USDA) tightened its supply outlook.Soybean futures were...Reuters
Fri, Apr 11
Oil producers seek to shore up finances amid crude price plunge
Brazil plans extra auction for offshore oil areasKuwait to tap international debt market for first time since 2017Russia’s economy expected to contract further from oil price declineSaudi Arabia stands ready for policies to keep fiscal position strong: spokespersonBy Anna Hirtenstein, Yousef Saba ...Reuters
Fri, Apr 11
Silver Price Forecast: XAG/USD maintains position near $31.50 due to rising trade tensions
Silver (XAG/USD) continues its winning streak for the third straight session, trading around $31.30 during Friday’s Asian session. The precious metal is gaining traction as the US Dollar weakens, with the US Dollar Index (DXY) dipping to around 100.20 at the time of writing.Fxstreet
Fri, Apr 11